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Analysis

4 Revenue Cycle Tech Announcements You May Have Missed

By Alexandra Wilson Pecci  
   September 24, 2020

Tools to simplify online billing, increase payer transparency, and improve patient access at rural hospitals are among the solutions that revenue cycle tech companies have launched in the past two weeks.

A new crop of products and partnerships announced in recent weeks aim to further enable revenue cycles to automate and streamline their processes. Among them are tools to simplify online billing, increase payer transparency, and improve patient access at rural hospitals.

Such tools align with a new survey showing that 90% of financial leaders at hospitals and health systems believe automation tools should be designed specifically for revenue cycle management in healthcare. Alpha Health conducted the survey among 587 CFOs and revenue cycle leaders through the Healthcare Financial Management Association's (HFMA) Pulse Survey program.

Here are four new revenue cycle technology announcements you may have missed:

  1. NantHealth has launched NaviNet AllPayer, a platform that allows providers increased visibility into standard eligibility and benefit information for more than 1,000 commercial and government health plans using a single login. Providers can also check claim status for more than 550 health plans. According to the company, the new platform eliminates the need to sign-in to multiple portals and helps cut down wait times for prior authorizations.
     
  2. From PatientMatters comes IntelliRural, which it calls an "affordable pre-access technology solution" for rural hospitals that face patient access challenges. The tool aims to simplify registration and financial processes to improve the patient financial experience. It features rules-based technology to identify in-process coverage with demographic certainty; an embedded Registration Quality Assurance alert system to notify hospital staff about registration errors that need correction before discharge and billing; and multiple source-verification capabilities to automatically validate current and billable patient and guarantor status.
     
  3. AccessOne and PNC Healthcare are teaming to provide consumer financing capabilities to healthcare providers and insurers. Through the partnership, healthcare providers can provide various financing options for consumers. It combines PNC's streamlined workflows with AccessOne's consumer financing solutions, allowing providers and payers to select payment plan packages and allowing patients with mobile-optimized online access to their monthly payment plans and personalized financial support.
     
  4. A new partnership between Paya and CoverMe aims to increase efficiency for healthcare providers in processing payments and improve payment flexibility for patients. Paya's payments technology will integrate into CoverMe's software suite, giving healthcare users the ability to process and track payments from patients and customers in real time. It will also allow providers to offer increased flexibility and efficiency in paying their medical bills.

     

Alexandra Wilson Pecci is an editor for HealthLeaders.


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